Business & Finance: Insignificant

"No significance," said Waddill Catchings when, last week,
he resigned from the presidency of Goldman, Sachs Trading Corp.,
$250,000,000 investment trust, and resigned also his membership in the
firm of Goldman, Sachs & Co. Always noncommittal are resignations
and always open to question are inferences from them. Yet withdrawals
were no part of Mr. Catchings' work during the brave days of 1929, when
the "new era" group of Market men maintained that soaring
stock prices represented the legitimate reflection of prosperity and
progress.